"Based on the learnings, the scope and coverage would be expanded to include more products, information providers and lenders during the pilot," the RBI said, and added the pilot of the platform would commence on August 17,...
In May this year, the Indian Banks Association had said that Russia is investing the surplus it earns out of oil sales to India in G-secs, but the market's estimates on the quantum vary from USD 10-22 billion
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"Headwinds from weak global demand, volatility in global financial markets, geopolitical tensions and geoeconomic fragmentation, however, pose risks to the outlook," Das said
"We would like the banks to redouble their efforts because these are accounts that are parked in a special account and we would like to see more and more recoveries," Swaminathan told reporters at the central bank...
While announcing the decisions of the three-day Monetary Policy Committee (MPC) Das said, “The MPC decided to remain watchful and evaluate the situation.”
Financial benchmark administrators are entities which control creation, operation and administration of benchmarks on prices, rates, indices or values
The monetary policy committee (MPC), which has three members from the central bank and a similar number of external members, held the benchmark repurchase rate (repo) at 6.50 per cent in a unanimous decision
RBI announced the incremental CRR requirement for banks after the conclusion of its MPC meeting on August 10
RBI MPC meeting started on August 8
Market participants and businesses will closely observe the governor's overall tone
Experts are of the view that the central bank may continue with the pause on the repo rate as concerns on the inflation front and keeping the borrowing cost...
On the macro front, market participants will be closely observing key events like industrial production and manufacturing production data, which will be...
In value terms, Rs 2,000 notes in circulation has come down to Rs 42,000 crore as on July from Rs 3.56 lakh crore on the day of announcement of withdrawal on...
"Consequently, Rs 2,000 banknotes in circulation as at the close of business on July 31 stood at Rs 0.42 lakh crore," the central bank said in a statement
Gold reserves were up by USD 417 million to USD 45.614 billion, the RBI said
"For this to materialise, central banks can incorporate climate-related risks into their supervisory frameworks and can contribute to the development of...
"As per the data submitted by the bank, 99.98 per cent of the depositors are entitled to receive full amount of their deposits from DICGC," RBI said
The next meeting of the RBI's Monetary Policy Committee (MPC) is scheduled to be from August 8-10
The reserves have been declining as RBI deploys the kitty to defend the rupee amid pressures caused majorly by global developments. Of the total, the major...
As part of the ‘Frictionless Credit’, an experience centre has been set up to give a real-life feel of the transformational Digital Kisan Credit Card (KCC)...
"The Governor also emphasised the need for MD & CEOs to pay special attention to strengthening the governance in the banks and focus on the tripod of banking...
The licenses of Malkapur Urban Co-operative Bank Ltd, Buldhana and Shushruti Souharda Sahakara Bank Niyamita, Bengaluru have been cancelled
RBI had received about a dozen applications to set up banks under the guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks (SFBs)
Das was addressing the 17th statistics day conference at the RBI headquarters, which also marks the birth anniversary of Prof Prasanta Chandra Mahalanobis--the...
RBI had withdrawn Rs 2,000 notes from circulation last month
